CPA Canada’s response to Finance Canada regarding the provisions of Bill C-48

Learn about Chartered Professional Accountants of Canada (CPA Canada)’s submission to the federal government in response to the provisions of Bill C-48, the Technical Tax Amendments Act, 2012.

Get your downloadable electronic copy.

Download Now

CPA Canada has provided the Department of Finance with its perspective on the provisions of Bill C-48, which implements the proposed amendments reflected in the Notice of Ways and Means Motion tabled in Parliament on October 24, 2012. This bill includes proposals that consolidate almost all outstanding tax measures related to foreign affiliates and a significant number of other technical amendments to the Income Tax Act.

Developed by members of the Joint Committee on Taxation of the Canadian Bar Association (CBA) and CPA Canada, this submission paper responds to the government’s proposed tax plans, identifies issues with applying these revised rules, and offers several constructive recommendations to improve the bill’s effectiveness.

What you will learn

Committee members provide their expert insights on tax topics such as:

  • upstream loans
  • foreign tax credit generators
  • foreign spinoffs